Given the information in the above table, the relationship between x and y is
A) positive, and the curve becomes flatter as x increases.
B) positive, and the curve becomes steeper as x increases.
C) positive and linear.
D) negative and linear.
C
Economics
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When the firm produces the quantity that sets marginal revenue equal to marginal cost, a perfectly competitive firm is
A) determining the price it will set. B) maximizing its revenues. C) maximizing its profit. D) establishing its shutdown point.
Economics
All of these could be sources of economies of scale except
a. Investment in more efficient technology b. Specialization c. A bottleneck procedure d. Discounts on bulk purchase of inputs
Economics